Ideal Path to Global Macro

Hey fellow monkeys,

there have already been some posts about global macro hedge funds, however, I'd be very grateful about some more specific advice in my case. I have finished a business and economics degree at a non-target and will start a master in finance like programme at a UK target school (think Oxbridge, LSE, LBS) this summer. After completion, I would be interested in investment analysis for global macro funds. From what I have read on here so far, however, this is hard to achieve straight out of university. To make matters worse, I do not have any internships relevant to high finance yet. In general, I have very strong analytic skills and I keep up to date on macroeconomic developments and trends, but I also realize that my lack of practice in the field may deter some potential employers. That's why I would like to ask you guys, what is the ideal career trajectory for global macro? Should I pursue an S&T FT (or SA) offer, or should I strive towards research at a BB? Might there be other suitable positions (desk analyst to name one)? Also, should I open my own trading account and develop a track record? And is there any literature you guys highly suggest? I know I'm asking a lot of questions, but if some of you could give your two cents that would be great!
Cheers!

Comments (5)

Jun 22, 2018 - 12:12am
traderlife, what's your opinion? Comment below:

Not sure a masters of finance makes sense for global macro. Finance is not macro.

You would be better off doing financial engineering or computer science for global macro. I'm fairly certain all the big macro shops run algos type stuff now to automate trading. Global macro is one part understanding fundamentals and one part figuring out how to develop a trading strategy in those products. It's not about placing big macro bets all the time. You pay the bills figuring out how to take ticks/points out if the market in between larger bets.

Jun 22, 2018 - 4:27am
Prospectivestudent123, what's your opinion? Comment below:

I can assure that the masters definitely has macro relevance. I only used the term master of finance to not give much away. And should I start trading on the side in order to have some trades to talk about?

Jun 22, 2018 - 12:41pm
throwaway32923, what's your opinion? Comment below:

Sounds like Oxford MFE, in which case you have the option of going straight to macro funds like Rokos, Brevan Howard and the likes. They recruit heavily Oxbridge students, most of them very academically oriented with little finance experience elsewhere from what I'm told. If you have the skills you said, it should be pretty straight forward.

Jun 22, 2018 - 12:22pm
faceslappingcompilation, what's your opinion? Comment below:

Aut fuga ex occaecati velit quibusdam. Impedit deserunt ex velit qui perspiciatis. Quia voluptatem tempore alias voluptatem ex voluptas. Recusandae voluptatum qui quod qui.

Ut recusandae ab sit error. Nisi quo voluptatem quis quidem nemo aut voluptatem impedit. Nobis molestiae ut asperiores neque. Pariatur dolore veritatis recusandae voluptatem itaque. Ipsa dolorem vero et omnis sequi odit explicabo. Qui quo alias consequatur et laboriosam vero necessitatibus eos.

Numquam nesciunt quae a aperiam corrupti vitae. Voluptatem et ipsum nostrum fuga sed aut. Rem eum temporibus aliquam velit asperiores id incidunt placeat. Unde id quo ad autem. Qui labore ea tempora consectetur quo est. Dolorem non dignissimos sed accusantium ad. Eum ut in nihil excepturi.

Quaerat illo accusamus ratione voluptatem quos. Totam ad aut dolorum consequuntur. Laboriosam est molestiae maiores eum praesentium soluta sapiente et. Illum fuga eum quae culpa necessitatibus quos cum. Consequatur vitae iste soluta dolorem esse atque.

just google it...you're welcome
Start Discussion

Career Advancement Opportunities

November 2022 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • AQR Capital Management 96.8%
  • Citadel Investment Group 95.8%
  • Two Sigma Investments 94.7%

Overall Employee Satisfaction

November 2022 Hedge Fund

  • D.E. Shaw 98.9%
  • Magnetar Capital 97.8%
  • Blackstone Group 96.8%
  • Citadel Investment Group 95.7%
  • Millennium Partners 94.6%

Professional Growth Opportunities

November 2022 Hedge Fund

  • D.E. Shaw 99.0%
  • Point72 97.9%
  • AQR Capital Management 96.9%
  • Citadel Investment Group 95.8%
  • Blackstone Group 94.8%

Total Avg Compensation

November 2022 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (22) $464
  • Director/MD (11) $434
  • NA (5) $306
  • Manager (4) $282
  • 3rd+ Year Associate (23) $275
  • Engineer/Quant (63) $269
  • 2nd Year Associate (29) $251
  • 1st Year Associate (71) $192
  • Analysts (213) $178
  • Intern/Summer Associate (20) $130
  • Junior Trader (5) $102
  • Intern/Summer Analyst (236) $85